Overview Dividends

(NJR) NewJersey Resources - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6460251068

Natural Gas, Solar Installation, Energy Services, Storage, Transportation

Gas Utilities
Market Cap in USD: 4,823m

IPO / Inception: 1987-12-30
Return 12m vs S&P 500: -16.0%

EPS (Earnings per Share)

EPS CAGR: -32.28%
EPS Trend: -9.0%

Last SUE: -0.27
Qual. Beats: 0

Revenue

Rev. CAGR: -17.00%
Rev. Trend: -47.6%

Last SUE: 0.31
Qual. Beats: 0

Dividends

Dividend Yield	4.80%
Yield on Cost 5y	8.35%
Yield CAGR 5y	7.73%
Payout Consistency	95.8%
Payout Ratio	60.2%

Risk via 10d forecast
Volatility	18.9%
Value at Risk 5%th	31.0%
Relative Tail Risk	-0.15%

Reward TTM
Sharpe Ratio	-0.33
Alpha	-8.19
CAGR/Max DD	0.12

Character TTM
Hurst Exponent	0.519
Beta	0.136
Beta Downside	0.162

Drawdowns 3y
Max DD	27.79%
Mean DD	12.41%
Median DD	11.36%

Description: NJR NewJersey Resources November 05, 2025

New Jersey Resources Corporation (NYSE:NJR) is a diversified energy services holding company that primarily distributes regulated natural gas to residential and commercial customers across six New Jersey counties. Its operations are organized into four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage & Transportation, each contributing to both core utility functions and growth initiatives in renewable-energy projects and ancillary services.

Key metrics that analysts watch include a 2023 revenue of roughly $2.1 billion, a regulated rate base near $5.5 billion, and a dividend yield around 3.5 %. The company’s earnings are closely tied to New Jersey’s aggressive decarbonization agenda, which drives demand for clean-energy installations, while natural-gas consumption trends and regional wholesale gas price volatility remain primary economic drivers for the utility segment.

For a deeper quantitative assessment, you may explore NJR’s profile on ValueRay to see its latest valuation metrics and peer comparisons.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (335.6m TTM) > 0 and > 6% of Revenue (6% = 122.2m TTM)

FCFTA -0.02 (>2.0%) and ΔFCFTA -1.38pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -10.73% (prev -18.51%; Δ 7.78pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 449.7m > Net Income 335.6m (YES >=105%, WARN >=100%)

Net Debt (3.57b) to EBITDA (745.3m) ratio: 4.79 <= 3.0 (WARN <= 3.5)

Current Ratio 0.72 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (101.0m) change vs 12m ago 1.90% (target <= -2.0% for YES)

Gross Margin 40.04% (prev 34.95%; Δ 5.09pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 28.57% (prev 25.78%; Δ 2.78pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.33 (EBITDA TTM 745.3m / Interest Expense TTM 128.6m) >= 6 (WARN >= 3)

Altman Z'' 2.06

(A) -0.03 = (Total Current Assets 562.3m - Total Current Liabilities 780.9m) / Total Assets 7.27b

(B) 0.20 = Retained Earnings (Balance) 1.45b / Total Assets 7.27b

(D) 1.03 = Book Value of Equity 4.76b / Total Liabilities 4.63b

Total Rating: 2.06 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 45.51

1. Piotroski 3.50pt

2. FCF Yield -2.02%

3. FCF Margin -8.32%

4. Debt/Equity 1.47

5. Debt/Ebitda 4.79

6. ROIC - WACC (= 3.97)%

7. RoE 14.26%

8. Rev. Trend -47.65%

9. EPS Trend -8.99%

What is the price of NJR shares?

As of November 28, 2025, the stock is trading at USD 47.88 with a total of 593,590 shares traded.
Over the past week, the price has changed by -0.33%, over one month by +4.75%, over three months by +2.00% and over the past year by -3.54%.

Is NJR a buy, sell or hold?

NewJersey Resources has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy NJR.

Strong Buy: 3
Buy: 1
Hold: 4
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the NJR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	53.4	11.6%
Analysts Target Price	53.4	11.6%
ValueRay Target Price	51.4	7.3%

NJR Fundamental Data Overview November 22, 2025

Market Cap USD = 4.82b (4.82b USD * 1.0 USD.USD)
P/E Trailing = 11.2506
P/E Forward = 14.7059
P/S = 2.301
P/B = 1.9118
P/EG = 1.8487
Beta = 0.63
Revenue TTM = 2.04b USD
EBIT TTM = 556.6m USD
EBITDA TTM = 745.3m USD
Long Term Debt = 3.02b USD (from longTermDebt, two quarters ago)
Short Term Debt = 162.6m USD (from shortTermDebt, last fiscal year)
Debt = 3.57b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 3.57b USD (from netDebt column, last fiscal year)
Enterprise Value = 8.40b USD (4.82b + Debt 3.57b - (null CCE))
Interest Coverage Ratio = 4.33 (Ebit TTM 556.6m / Interest Expense TTM 128.6m)
FCF Yield = -2.02% (FCF TTM -169.3m / Enterprise Value 8.40b)
FCF Margin = -8.32% (FCF TTM -169.3m / Revenue TTM 2.04b)
Net Margin = 16.48% (Net Income TTM 335.6m / Revenue TTM 2.04b)
Gross Margin = 40.04% ((Revenue TTM 2.04b - Cost of Revenue TTM 1.22b) / Revenue TTM)
Gross Margin QoQ = 11.39% (prev 66.50%)
Tobins Q-Ratio = 1.15 (Enterprise Value 8.40b / Total Assets 7.27b)
Interest Expense / Debt = 0.85% (Interest Expense 30.5m / Debt 3.57b)
Taxrate = 17.15% (3.12m / 18.2m)
NOPAT = 461.1m (EBIT 556.6m * (1 - 17.15%))
Current Ratio = 0.72 (Total Current Assets 562.3m / Total Current Liabilities 780.9m)
Debt / Equity = 1.47 (Debt 3.57b / totalStockholderEquity, two quarters ago 2.42b)
Debt / EBITDA = 4.79 (Net Debt 3.57b / EBITDA 745.3m)
Debt / FCF = -21.09 (negative FCF - burning cash) (Net Debt 3.57b / FCF TTM -169.3m)
Total Stockholder Equity = 2.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.61% (Net Income 335.6m / Total Assets 7.27b)
RoE = 14.26% (Net Income TTM 335.6m / Total Stockholder Equity 2.35b)
RoCE = 10.36% (EBIT 556.6m / Capital Employed (Equity 2.35b + L.T.Debt 3.02b))
RoIC = 8.01% (NOPAT 461.1m / Invested Capital 5.75b)
WACC = 4.04% (E(4.82b)/V(8.40b) * Re(6.51%) + D(3.57b)/V(8.40b) * Rd(0.85%) * (1-Tc(0.17)))
Discount Rate = 6.51% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 1.24%
Fair Price DCF = unknown (Cash Flow -169.3m)
EPS Correlation: -8.99 | EPS CAGR: -32.28% | SUE: -0.27 | # QB: 0
Revenue Correlation: -47.65 | Revenue CAGR: -17.00% | SUE: 0.31 | # QB: 0

Additional Sources for NJR Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle